KNCUSDT Market Overview: Kyber Network Crystal v2/Tether

• Price declined from $0.3898 to $0.3756, forming a bearish momentum with strong volume near the close.
• A large bearish candle on the 15-minute chart and a sharp drop in RSI suggest overbought reversal.
• Volatility expanded sharply in the last 15 minutes, with volume increasing by ~1000x at the close.
• Price is now testing the 38.2% Fibonacci retracement level from the 24-hour high.

Kyber Network Crystal v2/Tether (KNCUSDT) opened at $0.3872 at 12:00 ET-1 and reached a high of $0.3898 before declining sharply to a 24-hour low of $0.3756, closing at $0.3756 at 12:00 ET today. Total volume over the 24-hour period was 5,903,753.0 units, while notional turnover amounted to approximately $2,193,397.69. The asset exhibited a clear bearish trend with increasing selling pressure in the final hours.

Structure & Formations

Price action over the last 24 hours displayed a key bearish breakout below the 0.3872–0.3887 consolidation range. A large bearish candle closed near its low of 0.3756, suggesting strong selling pressure. A potential support level is forming near the 0.3750–0.3765 range, with a doji forming at the close, signaling possible exhaustion in the downward move.

Moving Averages and MACD

On the 15-minute chart, the 20-period and 50-period moving averages both crossed below key support levels in the last hour, confirming the bearish bias. The MACD histogram showed a rapid decline in bullish momentum, with the line crossing below the signal line. This divergence could indicate a continuation of the downward trend, although a reversal may be triggered if price rebounds above the 0.3800 level.

Backtest Hypothesis

Given the current bearish divergence in the MACD and the 20/50 SMA crossover, a backtest could evaluate a sell-entry strategy at 0.3800 with a stop-loss above 0.3840 and a target at 0.3700. The doji and low volume at the 24-hour close may signal a temporary pause in the downtrend, making this a high-probability short-term opportunity.

RSI and Bollinger Bands

RSI dropped sharply from 62 to 33 in the final two hours, indicating a shift toward oversold territory, which may provide a short-term buying opportunity. Bollinger Bands widened significantly as the price broke below the lower band, a sign of high volatility. A retest of the lower band at 0.3756 could see increased volatility, either confirming the bearish trend or triggering a rebound.

Volume and Turnover

The last candle at 10:45 AM showed a volume spike of 153,608.7, followed by a complete pause in trading with zero volume. This pattern could indicate either a washout by larger players or a temporary pause in liquidity. A divergence exists between the low volume and the continued price decline, suggesting possible bearish exhaustion or a consolidation phase.

Fibonacci Retracements

Applying Fibonacci levels to the 24-hour high of 0.3898 and low of 0.3756, price is now testing the 38.2% retracement level at 0.3820. A break below 0.3756 would target the 61.8% level at 0.3779 for a potential bounce. If price holds above 0.3700, the trend could consolidate into a larger bullish pattern.

In the next 24 hours, KNCUSDT may consolidate near the 0.3750–0.3770 range before either resuming the downtrend or forming a base for a short-term rebound. Investors should monitor the 20/50 SMA crossover and RSI for early reversal signals. As always, the risk of increased volatility remains high due to thin liquidity at current levels.